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On October 1, 2024, Ayayai Corp. Issued 3720,000,5%,10-year bonds at face value. The bonds were dated October 1, 2024, and pay interest annually on October
On October 1, 2024, Ayayai Corp. Issued 3720,000,5%,10-year bonds at face value. The bonds were dated October 1, 2024, and pay interest annually on October 1 . Financial statements are peepared annually on December 31. Prepare the journal entry to record the issuance of the bonds. (List all debit entries before credit entries. Credit occount tatics ave automalioally indentiel when ameun de entireit Do not indent manually, if no entry is required, select "No Entry" for the account tities ond enter ofor the amounts] entered, Do not indent manuolly. If no entry is requined, select "Wo Entry" for the account ticies and enter of for the omounts] Show the balance sheet presentation of bonds payable and bond interest payable on December 31.2024 Prepare the journal entry to record the pmyent of interest on October 1, 2025. Mist all debit entries before orodit entries: Greait account tities are automationly hademted when amount is entend Do not indent inanyally, it no entry is reguired, select "No Entry" for the account titles and enter Ofor the amiounts. entered. Do not indent marivallk if no entry it required, welect "No Enty"' for the occount bitiei and enter Ofor the amourta) for the amounts)
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